Property plant and equipment, net

12 Months Ended

Jun. 30, 2018

6. Property, plant and equipment, net

Property, plant and equipment are recorded at cost and consist of the following:


	June 30, 2018		July 1, 2017
	(Thousands)
Buildings	$	132,511	$	136,846
Machinery, fixtures and equipment		200,231		215,155
Information technology hardware and software		677,179		630,352
Leasehold improvements		106,242		99,208
Depreciable property, plant and equipment, gross		1,116,163		1,081,561
Accumulated depreciation		(758,041)		(667,700)
Depreciable property, plant and equipment, net		358,122		413,861
Land		41,984		41,627
Construction in progress		122,803		64,087
Property, plant and equipment, net	$	522,909	$	519,575

Depreciation expense including accelerated depreciation related to property, plant and equipment was $143.4 million, $101.4 million and $70.3 million in fiscal 2018, 2017 and 2016, respectively. Interest expense capitalized during fiscal 2018, 2017 and 2016 was not material.

Included as a component of restructuring, integration and other expenses was $52.9 million and $16.0 million of accelerated depreciation expense for fiscal 2018 and 2017, respectively, associated with the changes in estimates of the useful life of the Company’s existing ERP system in the Americas.